commsec help, page-3

How is Commsec!

I have to pass a test just to use stop losses!!!


Please answer the following questions correctly in order to qualify to take up Conditional Trading with Commsec

1. If your Conditional Trading Limit Order is triggered, you are guaranteed that that order will be executed in full. True or False?
True False

2. A Falling Sell order is an instruction for a particular security in your portfolio to be placed for sale on the market automatically when it trades at a pre-determined price or lower. If there is sufficient demand, the security will sell no less than Falling Sell Limit Price. True or False?
True False

3. If a conditional trading instruction is not triggered, when will it expire?
a) Never
b) 12 months or when orders are purged in market depth by the ASX (ie when there is a change in the basis of quotation)
c) After 20 trading days
d) Only on my instruction

4. A particular security price trades above your Rising Buy Trigger, and the buy order is executed. If the security price subsequently goes down, can you cancel this executed order? Yes or No?
Yes No

5. Given that you hold units in XYZ Ltd that is currently trading at $9.50 and you would like to place an order to liquidate your holdings in the event that the security reaches $10.80, which type of Conditional Order Trigger would you use to achieve the desired result?
a) Falling Sell
b) Rising Buy
c) Falling Buy
d) Rising Sell

6. Given that you hold units in XYZ Ltd that is currently trading at $9.50 and you would like to place an order to increase your holdings in the event that the securities reaches $9.20, which type of Conditional Order Trigger would you use to achieve the desired result?
a) Falling Sell
b) Rising Buy
c) Falling Buy
d) Rising Sell